New York, NY – May 27, 2021 – Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented Jiuzi Holdings, Inc., a new energy vehicles franchisor and retailer under the brand name « Jiuzi » in China, in the closing of its initial public offering of 5,200,000 ordinary shares at a public offering price of US$5.00 per share. Jiuzi received aggregate gross proceeds of US$26 million from this offering, before deducting underwriting discounts and other related expenses. The ordinary shares commenced trading on the Nasdaq Capital Market on May 18, 2021 under the ticker symbol « JZXN. »
The Ortoli Rosenstadt LLP team included Partners William Rosenstadt and Jason Ye, Counsel Yarona Yieh, Associates Sophie Sang and Zhenling Zhang.